There are more skeletons in store for the European Union, with the latest set of Jobless rate reading at 10%. This is so far the highest jobless rate due to continuing layoff across private sector industries. Now the high level of unemployment is only going to hit the further economic recovery of the European Union [...]

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Greece is already reeling under unbearable debt levels and the downgrading of the sovereign status has only aggravated the situation. Greece is now unable to borrow money from the market at anything less than 6% per annum, which is over double the rate paid by other European Countries. The problem is primarily due to lack [...]

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